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In The Face of Cord Cutting 21st Century Fox Goes Up for Sale

Last week it was reported that 21st Century Fox is in talks with 3 potential buyers including Comcast, Verizon, and Sony for a potential sale. This comes a week after it was reported that Fox and Disney have been in talks for a possible sale.

It is reported the Rupert Murdoc and his sons are looking at keeping their sports and news assets but selling off other parts of Fox. At this time it is unsure if they are looking at selling off cable networks like FX but it is reported that FOX would keep its Fox Broadcasting Co and ownership of their FOX local affiliates. For now, it looks like this deal is more about selling off the production assets and back catalog right now.

This would give Disney a more extensive catalog of movies and TV shows at a time they are looking at going direct-to-consumers to compete with Netflix in 2019. Currently, Disney owns the Marvel, Pixar, and Star Wars catalogs. Adding Fox to that would give them a truly compelling library for their new streaming service. This could also include international assets such as Star and Sky that Fox currently owns.

It is reported that FOX is hoping a news and sports focus would help them as the world of pay-TV is changing. Sports and news are events most Americans still watch live making them more valuable when looking at ads sales.

CNBC did add that these talks have been on and off for some time. This is breaking news and we will update the story as we learn more.

Source: Yahoo

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3 Responses to In The Face of Cord Cutting 21st Century Fox Goes Up for Sale

  1. TV Barrington November 19, 2017 at 9:19 am #

    When something like this potential sale comes up with various already powerful companies possibly eager to snap parts, you really don’t know what to say about it.

    I suppose there could be some good arguments to be made if certain companies grabbed 20th Century, and I feel sure there are possible arguments of concern about certain companies snatching up 20th Century too. As a side note, companies have a larger lobbied voice in Washington and it also seems they are allowed more freedoms towards moving into being monopolistic and/or controlling large portions of media/entertainment outlets, while the general public seems to have smaller voices except at periods of elections

    Anyway, I personally would hate to see either Comcast or Disney to grow even more powerful by further buying up and owning anymore entertainment. As far as Verizon what would happen if they possibly bought it, I currently don’t know how to feel about that.

    • iSRS November 19, 2017 at 11:51 am #

      Regardless who buys them, I hope Disney insists that the rights to FF and XMen return to Marvel, and the distribution of A New Hope returns to Lucasfilm…

  2. TexMarque November 19, 2017 at 10:49 am #

    Less is more. Fox is probably right to focus on news and sports. There is so much scripted and “reality” content now that is very difficult to be profitable in a cord cutting world. The Fox Network would be free to buy “quality” content from any producer without having to be forced to support its in-house production.